IndividualFreedom

Lifestyle

The Flaws of Communism: Why it Fails to Deliver on its Promises

The Absence of Incentives in Communist Systems One of the fundamental problems with communism is that it lacks adequate incentives for people to work hard and innovate. In a communist system, the government owns all the means of production and distribution of goods and services. As a result, there is no competition between firms or individuals to produce the best…